Oil and Gas
EU delays talks on Russian oil cost cap until finally next week, diplomats say
Rail wagons for oil, gasoline and liquefied gas cargo stand in sidings at Yanichkino railway station, shut to the Gazprom Neft PJSC Moscow refinery in Moscow, Russia, on Monday, April 27, 2020. Andrey Rudakov | Bloomberg | Getty Illustrations or photos A conference of European Union governing administration reps, scheduled for Friday evening to focus […]
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The G-7 might cap Russia’s oil selling price — but it will not dent Moscow’s war chest, analysts say
Photo taken on Could 3, 2022 reveals a standard watch of Slovakia’s largest mineral oil refinery Slovnaft in Bratislava, Slovakia. (Photo by JOE KLAMAR / AFP) Joe Klamar | Afp | Getty Pictures The Group of 7 nations are in talks to cap Russian oil at $65 and $70 a barrel — but analysts say […]
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Decrease gas selling prices most likely suggest additional website traffic this Thanksgiving
ShareShare Article by way of FacebookShare Article by means of TwitterShare Report through LinkedInShare Posting by using Electronic mail CNBC’s Seema Mody joins ‘Power Lunch’ to talk about Thanksgiving Day journey tendencies, the influence of gasoline costs on vacation targeted traffic and the priciest areas for hotels. Source
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Treasury Department launch recommendations for Russian oil transport forward of planned cost cap
The Treasury Section issued new assistance Tuesday about guidelines on the maritime transportation of Russian oil forward of a planned cost cap in early December. The advice, which complements the U.K.’s recently-introduced insurance policies, outlines how U.S. provider suppliers can continue on carrying Russian seaborne oil that was loaded just before Dec. 5, while complying […]
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European Union government proposes gas value cap at 275 euros/MWh
European gasoline costs are expected to drop in the coming months. Krisztian Bocsi | Bloomberg | Getty Visuals The European Union govt on Tuesday proposed a gasoline value cap for the bloc at 275 euros ($282) per megawatt hour for thirty day period-in advance derivatives on the Dutch trade that provide as Europe’s benchmark. The […]
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U.S. oil giants Exxon Mobil, Chevron and ConocoPhillips challenged over ‘secretive’ tax methods
Speaking late previous thirty day period, U.S. President Joe Biden threatened to go after greater taxes on oil company earnings if market giants do not operate to cut gasoline price ranges. Brandon Bell | Getty Images Oxfam on Monday submitted shareholder resolutions against U.S. oil giants Exxon Mobil, Chevron and ConocoPhillips, stating a lack of […]
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Goldman cuts oil forecast on ‘lack of clarity’ over G-7 Russia oil rate cap, China Covid outbreaks
Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia, in 2018. Simon Dawson | Bloomberg | Getty Visuals Goldman Sachs decreased its oil price tag forecast by $10 to $100 per barrel for the fourth quarter of 2022, citing increasing Covid issues […]
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The big new Exxon Mobil climate change deal that got an assist from Joe Biden
Could it be that Big Oil’s next big thing got a big assist from Joe Biden? Maybe, if carbon capture and storage is indeed as big a deal as ExxonMobil’s first-of-its-kind deal to extract, transport and store carbon from other companies’ factories implies. The deal, announced last month, calls for ExxonMobil to capture carbon emitted […]
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Trump’s former Treasury secretary calls G-7 Russian oil price cap ‘the most ridiculous idea I’ve ever heard’
Former US secretary of the treasury Steven Mnuchin on a panel at the Future Investment Initiative in Saudi Arabia in October 2022. Mnuchin this week criticized the G-7’s plan for a cap on Fayez Nureldine | Afp | Getty Images Former U.S. Treasury Secretary Steve Mnuchin described the G-7’s plan for a price cap on […]
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Formal claims oil tanker hit by bomb-carrying drone off Oman
An oil tanker affiliated with an Israeli billionaire has been struck by a bomb-carrying drone off the coast of Oman amid heightened tensions with Iran, an formal informed The Linked Press on Wednesday. The attack happened Tuesday evening off the coastline of Oman, the Mideast-primarily based protection official reported. The official spoke on condition of […]
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